Software, software and more software. That seems to be the mantra for Cisco in 2019 as the company pushes software-defined WANs, cloud partnerships, improved application programs and its over-arching drive to sell more subscription-based software licenses.
As the year closed on Cisco’s first quarter 2019 financials the company was indeed touting its software growth saying subscriptions were 57% of total software revenue, up five points year-over-year, and its application software businesses was up 18 percent to $1.42 billion. The company also said its security business, which is mostly software, rose 11 percent year-over-year to $651 million.
And that’s not to mention the company’s total product revenue was up 9% to $9.9 billion which included a 9 percent growth in its switching and router business to $7.64 billion.